Bank of China plans to issue American Express credit cards in China

as part of a strategic partnership between the two companies. The co-branded cards will be issued to Bank of China private bank customers and include such services as VIP banking, concierge, overseas relocation, health care and wellness, as well as dual-currency functionality in U.S. dollars, fast-track service through immigration and security at select airports, unlimited access to major airport lounges, hotel benefits through the American Express Entre program and access to premium golf courses. The card has an annual fee of RMB8,800 (US$1,400).